Proficio Capital Partners LLC Acquires New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Proficio Capital Partners LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,693 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after acquiring an additional 293,583 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after purchasing an additional 268,710 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after buying an additional 413,577 shares during the period. Barclays PLC grew its position in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after buying an additional 112,238 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Zeta Global during the fourth quarter worth about $2,444,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $14.38 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.42 billion, a P/E ratio of -20.54, a P/E/G ratio of 1.65 and a beta of 1.18. The stock has a 50 day moving average of $18.10 and a two-hundred day moving average of $22.42. Zeta Global Holdings Corp. has a twelve month low of $10.30 and a twelve month high of $38.20.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lifted their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.